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Old 01-24-2012, 06:38 AM
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Default India to pay gold instead of dollars for Iranian oil



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Okay so this is Debka take it for what it is worth. However if true war with Iran will be imminent.

The article states that India is to purchase Iranian oil with gold and China is expected to follow suit.

India to pay gold instead of dollars for Iranian oil

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The vast sums involved in these transactions are expected, furthermore, to boost the price of gold and depress the value of the dollar on world markets.
According to Internet chatter and speculation the reason Saddam Hussein and Muammar Gaddafi were taken out was the fact they were going to trade oil in other than dollars.
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Old 01-24-2012, 06:54 AM
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India is a big ally and trading partner of the US, but they also have allegiance to China so this doesn't suprise me.

This story also showed up via Drudge Report:
http://www.forexcrunch.com/gold-for-...dollar-report/

Gaddafi wanted to dump the dollar and Euro and create a single gold backed dinar currency for Africa and Muslims countries.
He had lots of plans to get Africa off from the umbilical cord of the IMF, World Bank and other dominating western influences and resources. He created the world's largest man-made water way to get fresh water to the dry regions of Northern Africa to start. He had plans to shift the paradigm of that whole region. Looks like his old friends from America, France and Britain did it for him instead.



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Old 01-24-2012, 07:47 AM
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Wanna see the big picture, watch Zeitgeist Addendum. It puts a lot of things in perspective.
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Old 01-24-2012, 08:35 AM
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its exactly why the war drums are beating , if you sidestep the global banking cartels its lights out , because if country's use sound money instead of fiat currency , the central banks would be out of billions and billions of dollars
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Old 01-24-2012, 09:14 AM
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Quote:
India is a big ally and trading partner of the US, but they also have allegiance to China so this doesn't suprise me.
China and India see each other as competitors in both economic and political spheres. They also have had border wars and are at odds over Tibet and Pakistan. Pakistan is China's bitch. Not friends and definitely no sense of allegiance between those people.
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Old 01-24-2012, 03:10 PM
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Quote:
Originally Posted by real wowwee View Post
China and India see each other as competitors in both economic and political spheres. They also have had border wars and are at odds over Tibet and Pakistan. Pakistan is China's bitch. Not friends and definitely no sense of allegiance between those people.
It's just business!

Right about Pakistan.
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